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Subsequent Events
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6 Months Ended |
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Jun. 30, 2014
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| Subsequent Events [Abstract] | |
| Subsequent Events |
11. Subsequent Events On July 23, 2014, Sonic entered into an amendment to the 2011 Credit Facilities, which among other changes (i) extended the maturity to August 15, 2019 from a previous maturity date of August 15, 2016, (ii) increased by $50.0 million the availability under the 2011 Revolving Credit Facility to $225.0 million, and (iii) increased by $195.0 million the availability under the 2011 Floor Plan Facilities to $800.0 million, resulting in an aggregate increase of availability under the 2011 Credit Facilities of $245.0 million. |
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- Details
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- Definition
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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